The Economy of Iraq: Oil, Wars, Destruction of Development and Prospects, 1950-2010 Abbas Alnasrawi

Reviews: The book provides good background on the early history of oil development with discussion of concession agreements, pricing arrangements, and the resulting growth of output leading ultimately to nationalism of the industry, establishment of the Organization of Petroleum Exporting Countries (OPEC), and the pricing revolution of 1973. — Choice

...a comprehensive study of the political economy of modern Iraq. This book is valuable for both the specialist and nonspecialist alike. Researchers, diplomats, and journalists seeking to understand the complex issues and problems related to Iraq ought to read The Economy of Iraq. — Digest of Middle East Studies ...a well-documented survey of the economic history of Iraq since 1950. A book rich in details. — Journal of Energy and Development Alnasrawi's important study will no doubt become a classic in the all too rapidly growing literature on policy failure in the developing world. His study presents a sophisticated and fascinating account of the damage a reckless regime can inflict. It should be on the shelf of anyone wishing to look beyond the headlines and understand what really went wrong in Iraq. — Middle East Studies Association Bulletin Description: The economy of Iraq has fluctuated wildly since the 1950s. It has been affected by changes in governments, by wars, and by general instability. This book analyzes a complex subject and is especially timely at this critical juncture in the history of Iraq, the Middle East, and international relations. Abbas Alnasrawi traces the growth of the Iraqi economy since 1950, assesses its present state of crisis and underdevelopment, and explores its prospects for recovery. Alnasrawi contends that the economic development of Iraq was shaped by the rise in oil revenue, the war between Iran and Iraq, and the invasion of Kuwait and its aftermath. The discussion begins with the burst of Iraq's oil industry and the development policies under the monarchy. Subsequent chapters highlight development planning during the first ten years of the republic, the development plans of the ruling Baath party, the distructive consequences of the Iran-Iraq war and the recent invasion of Kuwait, and the future of the Iraqi economy to the year 2010. This in-depth examination puts this subject into a manageable context for students of the Middle East, multinational oil, Third World development, and international relations. Table of Contents: List of Tables Evolution of Iraq's Oil Industry Oil and Development under the Monarchy 1950-1958

Oil and Development Planning, 1958-1968 The Baath Party and Its National Development Plans The Iran-Iraq War and the Demise of Development The Invasion of Kuwait and The Destruction of Development Iraq's Economic Development, 1950-1990: An Assessment What Economic Future for Iraq? Bibliography Index


Dr. Abbas Abdul-Karim Alnasrawi died on Aug. 20, in his home surrounded by his family. Abbas was born on Feb. 1, 1932, in Hindia, Iraq. He was the son of Abdul-Karim Alnasrawi and Shafika Abul-Timman. After completing his undergraduate degree in economics at the University of Baghdad in 1953, Abbas worked briefly in Iraq before securing a scholarship to study in the United States. He completed his Ph.D. in economics at Harvard University in 1965. During that time he met his wife Susan Habel. They married on June 13, 1964, in Madison, N.J. Abbas began his teaching career at the University of Vermont in 1963. Throughout his 40 years of service to UVM, he touched many lives and was known for his integrity, voice of reason, honesty and relentless pursuit of knowledge.

During his tenure at UVM he was Associate Dean of the College of Arts and Sciences, served on a number of College and University committees and was designated University Scholar in the Social Sciences and Humanities for the 1992-93 academic year. Abbas was a world renowned economist who published six books and numerous articles. He served as a consultant to OPEC, The OPEC Fund, UNESCO and the United Nations Development Programme. He valued being part of contemporary academic discourse, spoke at numerous universities around the world and participated in countless panel discussions and conferences where his opinions were widely respected. In recent years he was deeply pained to see the on-going destruction of his homeland leading his research and publications to focus on the problems and issues surrounding Iraq's crippled economy and its eventual post-war stabilization and reconstruction. Abbas was known as a compassionate humanitarian who was deeply concerned about the plight of all struggling peoples. He retired from UVM in 2002. Although Abbas was in every sense a citizen of the world, he valued Vermont as his home. His presence at the University of Vermont, in the community and especially at home will be deeply missed. Most of all, he will be remembered as a loving husband, father and grandfather by those whose lives he touched the most. Abbas is survived by his wife Susan Alnasrawi; two daughters, Leyla and Kara Alnasrawi; two sons-in-law, Brent Raymond and Franz Schmidpeter; two grandsons, Brodyn Raymond and Kareem Schmidpeter; and his brother Abdul-Ilah Alnasrawi of Karbala, Iraq. His family will be everlastingly grateful for the extraordinarily knowledgeable and humane care he received from Dr. James Boyd during his long struggle with Lewy Body disease and Parkinsons. Special gratitude goes to the caregivers who supported the family daily most notably Angela Kirouac who stayed at Abbas's side at all times and provided incredibly thoughtful, respectful and compassionate care and friendship. A celebration of Abbas's life will be held at The First Unitarian Universalist Society of Burlington (located at 152 Pearl Street, Burlington, Vt.) on Tuesday, Aug. 25, at 2:30 p.m. In lieu of flowers donations can be made in his memory to www.Iraqistudentproject .org or Iraqi Student Project, 1154 East Colfax Ave., South Bend, Indiana 46617. Private messages of condolence to the Alnasrawi family are welcome at uvmprof . Published in The Burlington Free Press on August 22, 2009

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